Global challenges weakening global trade fiber

 

India’s June ’25 Gem & Jewellery exports remained weak!  

India’s Gem & Jewellery (GJ) exports continued to face headwinds even in June 2025, weighed down by ongoing geopolitical tensions, disrupted supply chains, and the absence of a consistent import policy from the United States. Compounding the challenges, a weakening global trade environment & marked by rising protectionist policies replacing the spirit of globalisation, further dampened market sentiments and trade flows.  

According to recently released figures, India's gross exports of Gems & Jewellery stood at US$ 1,626.96 million (₹13,978.98 crore) in June 2025, reflecting a year-on-year decline of 14.25% (or 11.73% in INR terms) compared to US$ 1,897.25 million (₹15,836.94 crore) in June 2024.  

Similarly, gross imports for the month of June 2025, were recorded at US$ 1,549.17 million (₹13,308.49 crore), showing a moderate drop of 2.96% (or 0.11% in INR terms) from US$ 1,596.36 million (₹13,322.76 crore) during the same period last year.

On a cumulative basis for the quarter April–June 2025, total gross exports reached US$ 6,483.57 million (₹55,429.40 crore), representing a decline of 5.4% (3.04% in INR terms) compared to US$ 6,853.58 million (₹57,168.25 crore) in the corresponding period of the previous year.  

Meanwhile, gross imports for the April–June 2025 quarter amounted to US$ 5,343.43 million (₹45,704.19 crore), showing a dip of 2.30% (but a slight 0.20% increase in INR terms) from US$ 5,469.18 million (₹45,614.17 crore) recorded in April–June 2024.  

“Well, in the era of global severe uncertainty, the ongoing government endeavour to leave no stone unturned and the GJEPC is in the sync. Virtually, collectively; both, the ongoing government & GJEPC are working hard to not only maintain the GJ Exports but also remain eventful to grow the exports of Gem & Jewellery. Performing prudently” suggested Nayan Jani, Editor-GJ Town India. 

Yet, the data highlights the persistent strain on the globe GJ trade stake holders amidst a volatile global landscape. US must continue to attain the policy stability. Well, India is on the boulevard of diversification of markets, and on the back of improved logistical resilience which are necessary to restore momentum in the months ahead.





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